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After the UK banned the use of credit cards to fund gambling transactions in April 2020, Revolut announced that it was suspending all deposits to websites of this kind. However, a selection of Revolut betting sites still operate in the UK and European market. This cannot be stressed enough: gambling is typically a sure-fire way to lose crypto instead of gain it. Many gambling sites allow you to withdraw earnings in bitcoin, but you’ll need to win games of luck and chance first. Bitcoin gambling sites are often just as legitimate as online gambling with any other kind of currency. Since it was introduced, the Revolut payment card has spread quickly across the world thanks to its sharp exchange rates for travellers. It is also popular in being used for betting online, and so we’ve run checks on the bookmakers who accept this debit card payment method. Verified Bookies that. SAN FRANCISCO (KPIX) — The unemployment debit card accounts of tens of thousands of Californians have been hacked and frozen. KPIX has received e-mails from more than 300 victims since last October when we first exposed the massive hacks. We are now learning that Bank of America, which has the.
Guide to using Revolut in Online Casinos
Revolut Card is a card that comes with an app, and its primary purpose is to exchange funds. This is mainly a conversion app that people who travel abroad should use to exchange their currencies with minimal fees. The company was founded in 2015, and it is currently headquartered at London, United Kingdom. Let’s take a look at how this card relates to a casino.
- Exchange currencies at the best price
- There is a mobile app that helps you with your card
- The card is a MasterCard debit and available on many casinos
- More than 25 currencies available
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Essentially, Revolut is a debit card which you can connect to an online casino account to deposit and withdraw funds. The principle is quite simple – enter the necessary card info when requested, and you will be able to play casino games with real money very soon.
Which Online Casinos Accept Revolut?
Revolut is essentially a MasterCard card. In other words, you can play casino games with money deposited from Revolut on any casino that accepts MasterCard. This is a pretty neat fact since the majority of casinos on the web accept it. However, some casinos might work better with this payment method, and that is why we decided to search the Internet for the casinos that are the best for Revolut. They are:
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You will not go wrong if you register on either of these as they offer a substantial number of great casino games, including slots, roulette, blackjack, and more.
Revolut for Casinos: Payment and Withdrawal Process
As soon as you register on a casino, you should choose a debit card as your preferred payment option and enter the details requested by the casino such as the 16-digit number on the front of your card and the CCV/CVC number from the back of your card. All in all, it should not take more than fifteen minutes to connect your Revolut card to a casino successfully.
Transfers
Have you ever used a MasterCard? If your answer is yes, you are probably aware that they are one of the fastest methods of payment in the world, being able to process up to 40,000 transactions in a second. This applies to casinos as well. Depositing with a Revolut card is instant, but some casinos may take longer when it comes to withdrawals as they often choose to review payments before they release them.
Safety & Security when using a Revolut for Casinos
Revolut is a highly-trusted payment option. It means that Revolut underwent all the safety and security measures that FCA proposes and it is subject to many regulations such as the Electronic Money Regulations 2011, and Payment Services Regulations 2017. Furthermore, since the card transactions are based on MasterCard and Visa, their safety rules and protection apply – and both of these giants are well-protected and secured.
Frequently asked questions
Customer SupportThe customer support is fantastic and always ready to help. They work 24/7, and you can contact them in the app. They will make sure to answer all questions you have about Revolut. Furthermore, the site offers an extensive FAQ page with a handy search bar. Finally, you are given an option to speak to the community that currently has more than three million people.
Payout SpeedRevolut is a quick payment method, and you can deposit funds in a matter of seconds. However, withdrawals may take a bit longer as casinos reserve the right to freeze them up to several days for their staff to review them.
Opening an accountJust download the app and follow the registration process. You will be able to use the benefits of Revolut soon after that.
Supported currenciesApart from the standard ones such as GBP, EUR, and USD, Revolut also supports others such as AUD, CAD, CHF, CZK, DKK, HKD, NOK, PLN, RON, and SEK.
Alternatives to iDealAs we previously mentioned, Revolut is a debit card in its essence. If you are not satisfied with it, you can always try ordinary MasterCard or Visa, or opt to use e-wallets such as PayPal, Skrill or Neteller.
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Following the UK Gambling Commission’s (UKGC) credit card ban, Fintech ‘neobank’ Revolut has confirmed that it has suspended all payments to and from UK gambling sites, transacted through its popular app.
Can You Use Revolut For Gambling
Revolut this week informed its users that UK customers ‘won’t be able to use their Revolut cards for any online or offline gambling payments in the UK’.
The statement from the Fintech bank read: “This applies to all non-remote general betting, pool betting and betting intermediary licences, and all remote licences. While many people gamble responsibly using a credit card, the aim of these new regulations is to help protect those most at risk from gambling money they do not have.”
The announcement comes after the UKGC’s review of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures, whereby the regulator implemented its outright ban on credit card wagering across all gambling verticals.
The anticipated ban on all credit transactions was approved this January, marking the Commission’s first industry-wide regulatory enforcement for 2020 proceedings. The credit ban applies to all online and offline gambling verticals with the exception of non-remote lotteries including physical National Lottery tickets and scratch cards purchased at retail outlets.
Announcing the credit card ban, the UKGC underlined that ‘22% of online gamblers using credit cards to gamble are classed as problem gamblers – with even more at some risk of harm’. The UKGC and its policy advisors have highlighted that they believe the enforcement will reduce problem gambling factors.